Turnium Technology Group, Inc. (TSXV: TTGI), (the “Company”, or “Turnium”), completed a brokered and non-brokered private placement offering of an aggregate of 35,000,000 units of the Company (each, a “Unit”) at a price of C$0.10 per Unit for aggregate gross proceeds of C$3,500,000 (the “Offering”).
The Company used a portion of the net proceeds of the Offering for the repayment of debt in the aggregate amount of approximately C$2.01 million, and intends to use the remaining net proceeds of the Offering to provide general working capital to support operations.
Fasken advised Turnium with a team led by Mike Stephens (Securities and Technology), and included Brandon Deans (Securities and Technology), Boris Degas (Securities and Technology) and Glen Nesbitt (Insolvency & Restructuring).
Jurisdiction
- Canada
